A truck carries harvested agricultural products along a road in Cameroon. The African Development Bank's engagement with Cameroon will focus on developing more agricultural, transport, information and communications technology, and energy infrastructure that will further promote the value chains of the agro-pastoral and fisheries sectors in the country. Photo by: SarahTz / CC BY
Despite threats to regional political security, a humanitarian crisis in the northern part of the country, and a still weak fiscal environment, Cameroon has managed to post steady economic gains.
But growth rates are still too low to address poverty and other development needs in the country. Cameroon’s recorded growth rate of 5.3 percent in 2014 falls below the 6 percent target set in the government’s 2010-2020 Growth and Employment Strategy Paper, which envisions an industrialized and emerging country by 2035. The main challenges impeding its development are the lack of infrastructure, weak governance and unfavorable business environment. In the World Bank’s Doing Business report, the country’s ranking dropped from 148th in 2014 to 158th in 2015.